Sell the rips until it doesnt work anymore.

Bought back BAC $29 DEC 21st Calls at $0.28.

Setting sell this time at $0.65.

BAC will break the major resistance at $29 for a ride and exit.

Altria in talks to buy Cronos.

oldarmy1 said:

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Bought back BAC $29 DEC 21st Calls at $0.28.

Setting sell this time at $0.65.

BAC will break the major resistance at $29 for a ride and exit.

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Just added a bit more to my position.

My cost basis is now $0.29 vs the initial $0.34.

NFLX reg/green likely bottom ending the pullback

GSK buying Tesaro.

Prognightmare said:

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Altria in talks to buy Cronos.

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ACB liked that news as well.

We've gotten a lot of consolidation holding shares up after the profit taking so far. Need to push up and break 2815 on the S&P to get another flood of money into the markets.

You saw that I took money off premarket and then sold covered calls on 50% of remaining. We need to see that 2815 pivot point broken but could fill the 2760.89 gap set today on continued consolidation off of the 2630 lows.

Clean up the gap would be fine and if we see a further pullback below todays lows it will be high odds to fill it. That's where I would buy covered calls decaying back and also look for entry opportunities on another large trade.

ROKU with great support at $41 bounced and ran quickly back towards $42. Very good signal there.

That looks like the infancy of a short squeeze on ROKU. Let's see if that becomes fact.

Great market action today. Big open with consolidation all day but holding up to midpoint of gains for most stocks. Expect some continuation.


And NFLX sell Puts $282.50's weekly nake Puts for $4.50 area is stealing $450/call.

Sorry I should have posted when trading them. NFLX ripped higher and shot them below $4

NIO introducing another car. Moving AH

https://marketrealist.com/2018/12/another-nio-car-is-coming-to-challenge-tesla-in-china-this-month?utm_source=interactivebrokersretail&utm_medium=feed&utm_content=main_permalink

Nothing has changed. There's no deal. The fed is still raising. We still are likely at peak employment, GDP, and earnings in near term. The face rippers will continue.

Treasury yields are starting to invert.

2YR is at 2.83%
5YR is at 2.82%
10YR is at 2.956%

Yikes.

snowmnag970 said:

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Treasury yields are starting to invert.

2YR is at 2.83%
5YR is at 2.82%
10YR is at 2.956%

Yikes.

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Gold stocks will like this

Here's our little MNGA chart. You can see the big money has set their buys a little higher on the cycles with major resistance after flare ups back under 32 cents. Bit of a rising wedge last 10 days but all of that is irrelevant to the big picture on achieving their production & distribution blueprint, which is on schedule.

What's your long-term outlook/expectation with MNGA? I've been accumulating and the more DD I do, the more I really really like them.

BAC 12/21 29Cs still looking good for you? Or has it been stopped out?

UpstateAg said:

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BAC 12/21 29Cs still looking good for you? Or has it been stopped out?

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Trump killed the market short term. Expect the 2760 gap to fill o the S&P downside courtesy of the Commander in Chief Market Disruption. I sold 2nd round of BAC options at 25 cents and have a buy at 10 cents.

I left the residual from the initial trade in retirement accounts because unless there is some word that the China deal is off we have plenty of time for rebound at conclusion of the pullback.

IrishTxAggie said:

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What's your long-term outlook/expectation with MNGA? I've been accumulating and the more DD I do, the more I really really like them.

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2 more quarters with new deals and revenues continuing their rapid advance and a broader market will get on board. On that chart the faint green line just above 25 cents is my order to add both sales made above 50 cents and an additional holding plan. You can see that a flash down hit right at it but I received zero fills telling me it was market makers lot buy. It actually went .02 below my bid but when a lot trade between market makers open bids can be bypassed.

NIO moved on Feb 15 Call sweeps news

Interesting....
https://www.sec.gov/Archives/edgar/data/1325879/999999999718009261/filename1.pdf

AVEO filed for a confidential treatment...

CANNOT WAIT TO SPECULATE BO OPTIONS!!!! Quick, to StockTwits!!!

Within 5 points of filling that S&P gap. Watch for flash downs further and volume marks for potential entries. If you get the v bottom then all good.

SQ down 7%

UpstateAg said:

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CANNOT WAIT TO SPECULATE BO OPTIONS!!!! Quick, to StockTwits!!!

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I just peaked my head in over there! That place is a cesspool, but makes for great entertainment.

They make all of us look like professionals.

Edit to add: this is an extension. So not really thinking anything new.

I'd say the gap filled.

Just sold SPY Puts naked 270 Decembers

Been saying for weeks. Sell the rips.

claym711 said:

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Been saying for weeks. Sell the rips.

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What exactly are you meaning when you say this?

V bottom potential. Bought SQ for a trad

Momentum is really strong to the down side post gap fill so no telling where it ends. I keep looking for massive volume and it hasn't hit

Catching these knives? Selling the tops has been easy. This is bear market type behavior.